OPEN-SOURCE SCRIPT
BTC top bottom weekly oscillator
This indicator is based on the 20 weekly simple moving average and it could be used to help finding potential tops and bottoms on a weekly BTC chart.
This version uses an "oscillator" presentation, it fluctuates around the value zero.
The indicator plots 0 when the close price is near the 20 weekly moving average.
If it's below 0 it reflects the price being below the 20 weekly moving average, and opposite for above.
IT's possible to see how many times the price has hit the 0.5 coef support. In one case it hit 0.6 showing that the 0.5 support can be broken.
The indicator is calculated as Log(close / sma(close))
Instructions:
- Use with the symbol INDEX:BTCUSD so you can see the price since 2010
- Set the timeframe to weekly
Optionals:
- change the coef to 0.6 for a more conservative bottom
- change the coef to 0.4 for a more conservative top
This version uses an "oscillator" presentation, it fluctuates around the value zero.
The indicator plots 0 when the close price is near the 20 weekly moving average.
If it's below 0 it reflects the price being below the 20 weekly moving average, and opposite for above.
IT's possible to see how many times the price has hit the 0.5 coef support. In one case it hit 0.6 showing that the 0.5 support can be broken.
The indicator is calculated as Log(close / sma(close))
Instructions:
- Use with the symbol INDEX:BTCUSD so you can see the price since 2010
- Set the timeframe to weekly
Optionals:
- change the coef to 0.6 for a more conservative bottom
- change the coef to 0.4 for a more conservative top
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这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
Join our membership to gain access to the private scripts.
patreon.com/c/thetradingparrot
patreon.com/c/thetradingparrot
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。